Current price: 2954.85 USDT
Bull-Bear Lifeline: 2950! If broken, waterfall; if held, counterattack!
Understand the market in three seconds
Upper pressure:
3000 USD is the iron top (yesterday it surged to 3040.95 before being pushed back, long upper shadow indicates selling pressure is immense)
3050 order wall: The main force has piled up 3107 ETH sell orders at 3050 (order ratio +0.24%), breaking through requires massive funds!
Lower defense line:
2950 USD is the lifeline (the pink moving average in the chart + dense buy orders at 2954.84-2954.88)
2900 ultimate bottom: If it breaks 2950, the next support is at 2900 (the blue moving average in the chart)
MACD Death Cross Warning:
Red bars emerging + fast and slow lines turning down, short-term rise is stalled!
Latest news ammunition depot
BlackRock Ethereum ETF: Revised documents submitted (approved = rocket fuel, but profit-taking may trigger sell-off before landing);
Whale movement: An address transferred 120,000 ETH to exchanges last night (worth $350 million), may sell off at any time;
Bitcoin drags down: BTC is stuck in a range at 58,000, if ETH loses 2950, it may drop 5%+!
Advanced battle strategy
Conservative faction (90% of retail investors choose this)
Set a long position defense at 2950 (stop loss at 2930), add to position if it breaks 2980!
If it breaks 3000 with volume, chase the rise! Otherwise, play dead!
Aggressive faction (playing with fire)
Current price 2954.85 light short (stop loss at 2980), target 2920!
Warning: MACD death cross has not reversed + whale pressure, leveraging long is like betting your life!
Gold watch period
20:00-24:00 (when European and American institutions are working): If it breaks 2980 with volume, follow with short-term longs!
Be alert for spikes in the early morning: 24-hour ETH contracts have exploded to $36 million, specifically targeting night owls!
A saying from veterans
Be cautious above 2950 for longs, don't open new positions below 3000! If whales sell off, play dead, charge forward only if it breaks through with volume!
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